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Japan govt: Recent FX moves a reversal of one-sided yen rise
December 27, 2012 / 2:31 AM / 5 years ago

Japan govt: Recent FX moves a reversal of one-sided yen rise

TOKYO, Dec 27 (Reuters) - Japan’s top government spokesman said on Thursday that recent yen declines were a reversal of past “one-sided” gains in the Japanese currency.

Yoshihide Suga, chief cabinet secretary under a new government sworn in on Wednesday, also told reporters that the administration will strengthen cooperation with the Bank of Japan to battle deflation and a strong yen.

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